Equity
€1.1m ▲ 34.0%
FRESHFROZEN FOR PETS has made a profit without a break since 2021.
FRESHFROZEN FOR PETS
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €1.1m (2025)
€1.1m▲ 14.7%
lowest -€532,272 (2010)
€180,619▼ 18.6%
peak €1.1m (2025)
€1.1m▲ 34.0%
€2.9m▼ 8.4%
peak 8.2 FTE (2025)
8.2 FTE▲ 28.1%
Board8 names since 2018
5 directorsJohan Castelein and 4 others
Owners2 names in the annual accounts
13.15%CADUS
Documentsfilings and deeds
13-07-202618 days before the deadline
2025financial year
Gross margin from €973,735 to €1.1mStaff from 6.4 FTE to 8.2 FTECapital increase of €100,000 to €1,115,000 15-05Equity from €825,077 to €1.1mCash from €45,453 to €31,666
Key points
from the 2025 annual accountsChecked score
82
Excellent
Financially stronger than 50% of micro companies in food products (NACE 10)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.1% across 3,081 companies (NACE 10, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.7%▲ +0.1 percentage points vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.8%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.3 percentage points vs 06-2025highest value
08-2025: 0.7%▼ -0.5 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%▼ -0.5 percentage points vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.35, cash €31,666
Sector: Manufacture of food products (NACE 10)
lowers risk
Founded in 2003
Figures for financial year 2025 (filed on 13-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, micro). It does better than 45% of them on solvency, 24% on liquidity, 55% on profitability and 79% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as FRESHFROZEN FOR PETS has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FRESHFROZEN FOR PETS itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,984 companies, not a prediction for FRESHFROZEN FOR PETS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.35 (1.23 in 2024), below the usual 1.5. Short-term debt is 39% and cash 0.8% of total assets. 72.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
3 days early
2023
145 days early
2022
166 days early
2021
34 days early
2020
23 days early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 51 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (4 of the last 5 accounts filed within 110 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0860293889
Capital increase of €100,000 to €1,115,000
Capital from €1,015,000 to €1,115,000 · Capital after the increase: €1,115,000 · Resignation: DA VINCI HOLDING AG (director) · General meeting of 13-05-2025 · Gazette deed
New establishment in Estaimpuis
Freshfrozen for Pets Productie, Porte des Bâtisseurs 38
4 directors appointed, 4 resignations
Change of role: Ki Trade BV, from director to managing director · Resignations: Da Vinci Holding, Johan Castelein, Luc Van Esbroeck and Olivier Kemseke · Appointments: Da Vinci Holding, Olivier Kemseke, Johan Castelein and Luc Van Esbroeck · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FRESHFROZEN FOR PETS Bruges | €4.0m | €1.1m | 27.9% | 8.2 |
| DEGOMEAT Aalst | €1.9m | €0.6m | 36.7% | 8.5 |
| ORLUX Wielsbeke | €4.3m | €3.0m | 65.8% | 19.9 |
| REAL IMPORT - EXPORT Roeselare | €7.3m | €1.0m | 26.8% | - |
| FRIGERA Maaseik | €17.5m | €3.1m | 25.8% | 24.8 |
| DECROCK - GRANEN BONDUELLE Poperinge | €1.0m | €0.2m | 94.6% | 1.7 |
| NATURAL PETFOOD Dessel | €2.3m | €0.4m | 68.3% | 0.6 |
These companies have the same main activity as FRESHFROZEN FOR PETS: manufacture of food products (NACE 10920). They are comparable in size and age: total assets between €959,000 and €17m, founded between 1987 and 2011.
Official details
Source: KBO- Status
- Active since 27-06-2003Normal situation
- Activity
- Manufacture of food productsNACE 10920and 1 other
- Joint committee
- 220White-collar workers in the food industry · annual accounts 2025
- Establishment units
- 2.132.687.0358200 Bruges, since 19-06-2003
- 2.359.055.3417730 Estaimpuis, since 01-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 10-09-2025
Annual accounts 2025
- ≈ €1.9mestimated
- €4.0m▲ 0.5%
- Employeeson 31-12-2025
- 9▲ 28.6%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on FRESHFROZEN FOR PETS
Solvency rose in 2025 from 21.0% to 27.9% because of the retained profit and a capital increase.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FRESHFROZEN FOR PETS
- What is the company number of FRESHFROZEN FOR PETS?
- The company number of FRESHFROZEN FOR PETS is 0860.293.889. The VAT number is the same number with BE in front: BE 0860.293.889.
- Where is FRESHFROZEN FOR PETS based?
- The registered office is at Gagelstraat 2, 8200 Bruges.Company details
- What does FRESHFROZEN FOR PETS do?
- According to the KBO register, the main activity is manufacture of food products (NACE 10920).
- What is the legal form of FRESHFROZEN FOR PETS?
- FRESHFROZEN FOR PETS is a public limited company (NV).
- When was FRESHFROZEN FOR PETS founded?
- FRESHFROZEN FOR PETS was founded on 27-06-2003.
- Is FRESHFROZEN FOR PETS still active?
- Yes, FRESHFROZEN FOR PETS is an active enterprise in the KBO register.
- How many employees does FRESHFROZEN FOR PETS have?
- FRESHFROZEN FOR PETS had an average of 8.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FRESHFROZEN FOR PETS fall under?
- In its 2025 annual accounts, FRESHFROZEN FOR PETS states joint committee 220 (White-collar workers in the food industry).
- What is the turnover of FRESHFROZEN FOR PETS?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.1m and 1,586 comparable companies of the same size. It probably lies between €1.3m and €3.2m. It is a rough estimate.
- Is FRESHFROZEN FOR PETS profitable?
- In financial year 2025, FRESHFROZEN FOR PETS made a profit of €180,619.
- Where can I find the annual accounts of FRESHFROZEN FOR PETS?
- FRESHFROZEN FOR PETS filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FRESHFROZEN FOR PETS due?
- FRESHFROZEN FOR PETS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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